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Posts on ‘January 22nd, 2014’

Alaska Coastal Oil Drilling Challenge Revived by U.S. Court

Screen Shot 2013-11-01 at 09.31.18Alaskan coastal drilling by oil companies including ConocoPhillips (COP:US) and Royal Dutch Shell Plc (RDSA) may be further delayed after a U.S. court revived conservation group claims that the government acted illegally in opening almost 30 million acres on the continental shelf to energy exploration.

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By Karen Gullo January 22, 2014

Alaskan coastal drilling by oil companies including ConocoPhillips (COP:US) and Royal Dutch Shell Plc (RDSA) may be further delayed after a U.S. court revived conservation group claims that the government acted illegally in opening almost 30 million acres on the continental shelf to energy exploration.

Sierra Club and other organizations sued the government after the $2.6 billion sale of development leases for the Chukchi Sea off the northwest coast of Alaska in 2008, saying the amount of oil from the leases was far higher than the 1 billion barrels the U.S. Interior Department had estimated in an an environmental review. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell working to contain fire at Texas facility

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Source: Reuters – Wed, 22 Jan 2014 09:19 PM

Jan 22 (Reuters) – Royal Dutch Shell Plc emergency personnel were trying to contain a fire at its facility in Deer park, Texas, the oil company said in a message posted on a community information phone line on Wednesday.

The Deer Park facility houses a 327,000 barrel-per-day (bpd) refinery and a chemical plant and is a 50-50 joint venture between Shell and Mexican national oil company Pemex.

The fire will not affect the community, industrial neighbors or other operating units at the facility, the message from an environmental supervisor at the plant said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Big Oil Is Unloading Billions of Assets in Spring Cleanup

Royal Dutch Shell PLC decided it’s time to clean out its global energy portfolio. The oil giant could unload as much as $30 billion in assets as part of the purge.

by Matt DiLallo, The Motley Fool Jan 22nd 2014

Royal Dutch Shell PLC decided it’s time to clean out its global energy portfolio. The oil giant could unload as much as $30 billion in assets as part of the purge.

Shell game
Shell needs to make some changes after it warned that its profits would be significantly lower than analysts were expecting. But the company has been hinting for a while that it would be paring back its portfolio. Earlier this year Shell announced it was exiting several U.S. shale basins after returns failed to meet its expectations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell’s Recent Profit Warning Won’t Be the Last

Thanks to upstream cost overruns and downstream overcapacity, 2013 probably will not be the last year Shell faces low earnings. Not only is Gorgon facing big challenges, the Shell-ExxonMobil-Total-KazMunaiGas-Eni Kashagan project was recently shut down due to pipeline leaks. The field’s current $50 billion cost is more than five times its original price

By Joshua BondyJanuary 22, 2014

Royal Dutch Shell (NYSE: RDS-A  ) just issued a big profit warning for the fourth quarter of 2013, bringing its expected full-year 2013 earnings to $16.8 billion. This is a significant fall from its 2012 full-year earnings of $27.2 billion. Thanks to upstream cost overruns and downstream overcapacity, 2013 probably will not be the last year Shell faces low earnings.

Downstream challenges
Shell’s refineries put a hole in its Q4 2013 earnings. Its Asia-Pacific and European refineries are facing margin pressures and for good reason. They don’t have access to cheap U.S. crude. They are forced to buy expensive Brent crude and pay a premium relative to U.S. refiners. Also, U.S. refiners have access to cheap natural gas and natural gas liquids. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell CEO plays ‘new boss’ card

Screen Shot 2013-10-01 at 07.56.54Royal Dutch Shell’s chief executive Ben van Beurden has, on the face of it, played the classic “new boss” card – using a barely justified profit warning to brighten his own future by making the past look bad. The truth is quite different, the energy company says, and possibly far more worrying for investors.  “After taking legal advice we concluded we had an obligation to disclose the Q4 numbers as soon as possible in order to comply with stock exchange rules on fair disclosure.”

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ANDREW CALLUS:   22 Jan 2014

Royal Dutch Shell’s chief executive Ben van Beurden has, on the face of it, played the classic “new boss” card – using a barely justified profit warning to brighten his own future by making the past look bad.

The truth is quite different, the energy company says, and possibly far more worrying for investors.

Three trading days after van Beurden’s warning last Friday that quarterly net profit will fall far short of expectations, Shell’s shares are barely down 1.5 per cent in a flat market. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Yedlin: Shell’s profit warning a wake-up call

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Several factors conspire to hurt returns

By Deborah Yedlin, Calgary Herald January 21, 2014

What will be next for Royal Dutch Shell? Last Friday, the company issued a profit warning, announcing that fourth-quarter net income was going to be $2.9 billion US, down from $5.6 billion in the same period a year earlier.

It was the first such warning in a decade.

The company blamed a number of factors, including challenges on the refining side of its business, rising exploration costs and other challenges related to operating in countries such as Nigeria, where security continues to be a problem. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Joint bid for Shell’s Australian refining and retail business

Screen Shot 2014-01-09 at 09.32.08Jan 22 (Reuters) – : Macquarie Group and Glencore Xstrata have joined forces to bid for Royal Dutch Shell’s Australian refining and retail business, the Australian Financial Review reported on Wednesday.

SOURCE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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